Overview:
The global smart smoke detector market is witnessing a steady growth by 8.2% CAGR during the forecast period of 2018 to 2023. During the same time, the market is slated to grow up to USD 1533 million. Market Research Future (MRFR) predicted in their report that this market stands to benefit from the rising number of smart city and residential projects. People are demanding top-class security and advanced technologies are providing opportunities that can be explored to back such demands. However, the initial installation cost and maintenance could be an deterring issue.
Segmentation:
The global Smart Smoke Detector market Research has been studied by MRFR analysts to understand various complexities. To facilitate such a reading, it has been segmented into type, service, power source, connectivity, and end user.
By type, the global smart smoke detector market includes a study of photoelectric detectors, network ionization detectors, aspirating smoke detector (ASD), dual sensor detectors (CO and CO2), and laser smoke detector (LSD).
By service, the market comprises installation services, testing inspection services, and maintenance replacement services.
By power source, the smart smoke detector market includes a study of hard-wired and battery-powered smoke detectors.
By connectivity, the smart smoke detector market has been studied on the basis of Bluetooth, ZigBee, Wi-Fi, and others.
By end-user, the smart smoke detector market encompasses a review of industrial, residential, and commercial.
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Regional Analysis:
North America, with robust investment support and infrastructural superiority, is expected to control the global market. Research and development funding is also going to play a crucial role in the rise of this regional market.
Competitive Landscape:
The global smart smoke detector market is getting backed by the strategic moves of companies like Samsung Electronics Co. Ltd (South Korea), Nest Labs (US), Huawei Technologies Co. Ltd (China), Roost Inc. (US), AMP Security (US), United Technologies Corporation (US), BRK Brands Inc. (US), Honeywell International Inc. (US), Netatmo (France), Elgato (Germany), Birdi (US), Leeo Inc. (US), Gentex Corporation (US), UIC Corporation (US), Universal Security Instruments Inc. (US), Xtralis Pty Ltd (Ireland), Hanwei Electronics Group Corporation (China), The Crow Group (Israel), Nietzsche Enterprise Co. Ltd (Taiwan), Erlab (US), Lowe's Companies Inc.(US), Heiman Co. Limited (China), Full Enterprise Corp. (Taiwan), and others.
Industry News:
In September 2020, Hikvision, a known name in the smart smoke detector market for its IoT solutions with video as its core competency, announced the launching of its new generation of wireless alarm systems - the AX PRO. The device is expected to deliver comprehensive alarm solutions for various residential and commercial applications. This new product includes a compact panel hub that would serve a wide range of detectors and peripherals, including flood detection, intrusion detection, smoke detection, video verification, and home automation. The product has been developed keeping in mind the needs of both the installer and user, and it can be configured as per the demand. With minimal installation complexity, it is expected to reduce hassles regarding installation for end users. It also guides the user with intuitive user interface. The AX PRO hub backs protocols for wireless integration, and welcomes the connection of up to 210 peripherals. The panel has dual RF (radio frequency) chips, and it displays Tri-X and CAM-X wireless technologies to prevent any kind of interference across channels and improve high speed and better transmission of alarm messages.
The global smart smoke detector market size is expected to get affected by the COVID-19 crisis like many other industries. Supply and manufacturing of products got badly affected by the pandemic owing to which this industry can suffer.
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